Financial Stability Board

    Crypto / Digital Assets

    G20 to Use All Available Policy Tools for As Long As Required

    By Manesh Samtani | 11/04/2021

    G20 Finance Ministers and Central Bank Governors committed to avoiding any premature withdrawal of Covid-19 support measures, in line with the FSB’s recommendations.

    ESG / Sustainability

    NGFS, INSPIRE to Study Financial Risks of Biodiversity Loss

    By Editors | 07/04/2021

    The research will seek to understand how central banks and supervisory authorities can fulfil their financial stability mandates in the context of biodiversity loss.

    Big Picture

    Premature Withdrawal of Support May Threaten Financial Stability: FSB

    By Manesh Samtani | 07/04/2021

    As public support is phased out, the ability of banks and non-bank financial institutions to bear risks and provide financing will be critical, the FSB says.

    Capital / Liquidity

    No Material Negative Side Effects to TBTF Reforms: FSB

    By Editors | 03/04/2021

    Indicators of systemic risk and moral hazard moved in the right direction, suggesting that market participants view these reforms as credible, the FSB says.

    Big Picture

    DTCC Proposes Plan to Harmonise Global Trade Reporting

    By Manesh Samtani | 17/03/2021

    DTCC proposes plan to eliminate cross-jurisdictional differences in trade reporting standards to boost transparency and the monitoring of systemic risk.

    Enforcement

    US Fed Threatens Supervisory Action for Slow LIBOR Work

    By Manesh Samtani | 11/03/2021

    Guidance for examiners suggests supervisory actions for firms that are not ready to stop issuing LIBOR-based contracts by end-December.

    Securities / Derivatives

    IOSCO to Review Liquidity Risk Management at Investment Funds

    By Sanday Chongo Kabange | 08/03/2021

    IOSCO is asking asset managers to participate in a survey on their liquidity risk management practices and experiences during the March 2020 market turmoil.

    BNM Revises Guidance on Operational Risk Reporting

    By Editors | 03/03/2021

    The revisions enhance the granularity of reporting requirements and align definitions with the FSB’s cyber lexicon.

    Capital / Liquidity

    FSB Urges Indonesia to Further Advance OTC Derivatives Reforms

    By Editors | 02/03/2021

    Indonesia needs to address legal uncertainties relating to netting for derivatives transactions in bankruptcy to facilitate central clearing and margin requirements.

    Capital / Liquidity

    CBIRC Issues Draft Rules on Recovery and Resolution Plans

    By Editors | 02/03/2021

    Deposit-taking institutions, asset managers and financial leasing companies with CNY 300 billion in total assets have to formulate recovery and resolution plans.

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